https://en.sputniknews.africa/20241023/confederation-of-african-football-net-profit-in-2024-2025-to-exceed-11-mln-for-first-time-1068830601.html
Confederation of African Football Net Profit in 2024-2025 to Exceed $11 Mln For First Time
Confederation of African Football Net Profit in 2024-2025 to Exceed $11 Mln For First Time
Sputnik Africa
The official report pointed out that the Confederation of African Football (CAF) significantly improved its financial situation in the 2022–2023 fiscal year... 23.10.2024, Sputnik Africa
2024-10-23T15:50+0200
2024-10-23T15:50+0200
2024-10-23T18:23+0200
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For the first time in a long time, the Confederation of African Football plans to get net revenue of $11.7 million in 2024-2025, according to the financial report presented at the 46th CAF Ordinary Assembly in Addis Ababa.Earlier, Cote d'Ivoire won the 2023 African Cup of Nations, also known as the AFCON. The championship was organized by the CAF and took place in Côte d'Ivoire from January 13 to February 11. Cote d'Ivoire's national football team defeated Nigeria in the final match of the African Cup of Nations. The AFCON bronze went to South Africa, who defeated DR Congo on penalties. The next championship will be held in Morocco from December 21, 2025, to January 18, 2026.The Confederation of African Football is an association established on February 8, 1957, in Sudan. Every year or every two years, CAF organizes continental competitions for national teams and clubs on behalf of the African Confederation of FIFA, including the Africa Cup of Nations and the Women's Africa Cup of Nations.
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african football confederation (caf), football, championship, budget, southern africa, west africa, east africa, central africa, north africa, sport
african football confederation (caf), football, championship, budget, southern africa, west africa, east africa, central africa, north africa, sport
Confederation of African Football Net Profit in 2024-2025 to Exceed $11 Mln For First Time
15:50 23.10.2024 (Updated: 18:23 23.10.2024) The official report pointed out that the Confederation of African Football (CAF) significantly improved its financial situation in the 2022–2023 fiscal year, reducing its losses from $28.9 million to $9.2 million. A year ago, the CAF's deficit accounted for $45 million, according to the document.
For the first time in a long time, the Confederation of African
Football plans to get net revenue of
$11.7 million in 2024-2025, according to the financial report presented at the 46th CAF Ordinary Assembly in Addis Ababa.
"We had to immediately stop the hemorrhaging and stop the huge amount of financial problems and difficulties, and the financial position of CAF was in a very, very dire condition," CAF President Patrice Motsepe underscored at the event.
Earlier, Cote d'Ivoire
won the 2023 African Cup of Nations, also known as the AFCON. The championship was organized by the CAF and took place in Côte d'Ivoire from January 13 to February 11. Cote d'Ivoire's national football team defeated Nigeria in the final match of the African Cup of Nations. The AFCON bronze went to South Africa, who
defeated DR Congo on penalties.
The next championship will be held in Morocco from December 21, 2025, to January 18, 2026.
The Confederation of African Football is an association established on February 8, 1957, in Sudan. Every year or every two years, CAF organizes continental competitions for national teams and clubs on behalf of the African Confederation of FIFA, including the Africa Cup of Nations and the Women's Africa Cup of Nations.
